Environmental analysis as a means to customer satisfaction: the case of Starbucks in Cyprus Online publication date: Mon, 30-Jun-2008
by Demetris Vrontis, Harry Kogetsidis
J. for International Business and Entrepreneurship Development (JIBED), Vol. 3, No. 3/4, 2008
Abstract: Customer satisfaction is the extent to which a product's perceived performance matches buyers' expectations. The key to successful and profitable business rests with identifying the needs and wants of the customer and providing goods and services to satisfy these needs and wants. This paper examines how environmental analysis can help Starbucks, the leading specialty coffee brand and retailer in the world, to achieve customer satisfaction in its recently targeted market of Cyprus. The paper concludes that the company should pay particular attention to its customers' cultural preferences and should offer the host market not just coffee but a real coffee experience.
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